• pingveno@lemmy.ml
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    3 years ago

    I’m guessing this is largely resulting from the exclusion from SWIFT as part of the Russian sanction regime. China likely wants as little exposure to that, especially with the apparent build up to an attempt at invading Taiwan.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      3 years ago

      Pretty much every country that’s not a vassal state of the US now wants to divest from the dollar based economy. After the west decided to freeze Russian foreign assets without any legal basis it became clear that it’s a lawless system.